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ABFRL

Aditya Birla Fashion: The fashion stock in makingABFRL is forming a bull flag with steady volumes. It has returned back to its long term rising channel which has been active since May 2020. Price is at a zone of significance and may show some sideways movement but its prepping to show and up move. Can be bought at CMP for a target of 224, 232 and 245. with a stoploss of 200. This is a good fashion stock anyone would want to have in his/her portfolio. Message me or comment for faster updates. I am not a financial advisor and this is for educational purposes only.
NSE:ABFRLLong
by daerontrading
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL Observations: 1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support. This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228. Please refer below chart : Daily time frame. 2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side. Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove. Please refer below chart : 15 time frame. ------------------------------------------ Trade Setup for Date 13-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:ABFRL
by Trading_hawk
Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]NSE:ABFRL Observations: 1) On Daily Time frame you can see that it gave rounding bottom pattern breakout on 02-09-2021. Please refer below chart : Daily time frame. 2)Also, on Daily Time frame you can see that it has critical level of 220 which was working as resistance many times before. For new buy entry this 220 level needs to be breakout. And from 21 DMA it took good support. Please refer below chart : Daily time frame. ------------------------------------- For POSITIONAL trade one can take safe long position only on sustainable breakout of 220 level. SL will be 210 and Target will be 240 in short/mid term. ------------------------------------- Trade Setup for Date 03-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:ABFRL
by Trading_hawk